# House prices in BB11 5 (Burnley)

## Defining 'BB11 5'

This analysis is limited to properties whose postcode starts with "BB11 5", this is also called the postcode sector. It is shown in red on the map above. There are no official names for postcode sectors so I've just labelled it Burnley.

You can click on the map labels to change to a neighbouring sector, or you can enter a different postcode sector (e.g. CM23 4) below.

FYI, a postcode sector is the full postcode without the last two letters.

## Price per square metre

Knowing the average house price in Burnley is not much use. However, knowing average price per square metre can be quite useful. Price per sqm allows some comparison between properties of different size. We define price per square metre as the sold price divided by the internal area of a property:

£ per sqm = price ÷ internal area
E.g. 11, Brush Street, Burnley, sold for £60,000 on Mar-2024. Given the internal area of 67 square metres, the price per sqm is £895.

England & Wales have been officially metric since 1965. However house price per square foot is prefered by some estate agents and those of sufficiently advanced age ;-) They may want to convert square meters on this page to square feet.

The chart below is called a histogram, it helps you see the distribution of this house price per sqm data. To make this chart we put the sales data into a series of £ per sqm 'buckets' (e.g. £1,350-£1,500, £1,500-£1,650, £1,650-£1,800 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 162 sales in Burnley (BB11 5) that took place in the last two years.

##### Distribution of £ per sqm for Burnley
Distribution of £ per sqm house prices in Burnley

You can see the spread of prices above. This is because although internal area is a key factor in determining valuation, it is not the only factor. Many factors other than size affect desirability; these factors could be condition, aspect, garden size, negotiating power of the vendor etc.

The spread of prices will give you a feel of the typical range to expect in Burnley (BB11 5). Of the 162 transactions, half were sold for between £850 and £1,880 per square metre. The median, or 'middle', price per square metre in 'BB11 5' is £1,230. Notably, only 25% of properties that sold recently were valued at more than £1,880 sqm. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

## Price map for Burnley

Do have a look at the interactive price map I created. I find it useful and I am sure it will help you in exploring Burnley. You can zoom in all the way to individual properties and then all the way back out to see the whole country. The colours show the current estimated property values.

House price heatmap for Burnley

## Comparison with neighbouring postcode sectors

The table below shows how 'BB11 5' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
BB11 1 Burnley £730 sqm £850 sqm £1,200 sqm
BB11 4 Burnley £710 sqm £930 sqm £1,250 sqm
BB11 5 Burnley £850 sqm £1,230 sqm £1,880 sqm
BB11 2 Burnley £870 sqm £1,170 sqm £1,560 sqm
BB11 3 Burnley £720 sqm £900 sqm £1,400 sqm

## Will Burnley house prices drop in 2024?

I cannot tell the future and don't believe anyone who says they can. I can however plot price trends - I have done this in the chart below for BB11 5 (Burnley) compared with both the wider area BB11 and inflation (CPIH from the Office of National Statistics). The dashed trend lines in the chart show the average over time.

##### Historic price per square metre in Burnley,Burnley
House price trends for Burnley

For the most recent sales activity, rather than a summarized average, it is better to see the underlying data. This is shown in the chart below, where blue dots represent individual sales, click on them to see details. If there is an obvious trend you should be able to spot it here amid the noise from outliers.

##### Most recent BB11 5 sales
Recent trends for Burnley

Data from Land Registry comes in gradually over time. I update it every month but it takes about 5 months for the majority of sales for Burnley to be recorded. Disclaimer: I do not verify and cannot guarantee the accuracy of any data shown. Outliers exist in the data, typically these are where the EPC registry records the internal area incorrectly, sometimes although very rarely the Land Registry price paid data can be wrong. The data provided throughout this website about Burnley and any other area, is not financial advice. Any information provided does not and cannot ever take in to account the particular financial situation, objectives or property needs of either you or anyone reading this information.

## Street level data

Street Avg size Avg £sqm Recent sales
Cog Lane, Burnley, BB11 5J 73 sqm £877 32
Cog Lane, Burnley, BB11 5B 66 sqm £937 26
Rossendale Road, Burnley, BB11 5D 90 sqm £1,382 19
Brush Street, Burnley, BB11 5E 69 sqm £657 19
Florence Street, Burnley, BB11 5E 66 sqm £809 19
Coal Clough Lane, Burnley, BB11 5B 89 sqm £1,270 16
Bluebell Grove, Burnley, BB11 5F 69 sqm £2,110 12
Hillside, Burnley, BB11 5J 71 sqm £1,546 11

## Raw data

Our analysis of Burnley is derived from what is essentially a big table of sold prices from Land Registry with added property size information. Below are three rows from this table to give you an idea.